LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2022 and 2023 Gross sales Sales returns and allowances Net sales Cost of merchandise (goods) sold Gross profit Operating expenses: Depreciation Selling and administrative Research Miscellaneous Total operating expenses Income before interest and taxes Interest expense Income before taxes Provision for taxes Net income \begin{tabular}{rr} \multicolumn{1}{l}{2023} & \multicolumn{1}{c}{2022} \\ $23,800 & $18,600 \\ 1,000 & 100 \\ \hline$22,800 & $18,500 \\ 10,800 & 7,200 \\ \hline$12,800 & $11,300 \\ \hline$1,180 & \\ 5,800 & 4840 \\ 1,030 & 740 \\ 840 & 540 \\ \hline 8,850 & $6,520 \\ \hline$3,150 & $4,780 \\ 1,040 & 740 \\ \hline$2,110 & $4,040 \\ 844 & 1,616 \\ \hline$1,266 & $2,424 \end{tabular} Calculate the current ratio. Note: Do NOT enter your answer as a percentage (i.e., do not move the decimal two places to the rounded to the nearest hundredth